Note from Peggy: The conversion factor game
Medicare Update for Physician Services, February 2, 2012
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Well it looks like 2012 is going to be déjà vu for the physicians who experienced multiple changes to the conversion factor in 2010. The conversion factor is a national dollar amount CMS uses to convert relative values into fee schedule amounts. When the fee schedule was first developed in 1992, the conversion factor was updated annually in the physician fee schedule final rule. The conversion factor is set according to a statutory formula which was relied upon for several years until the update to the conversion factor started to result in a decrease rather than an increase.
Continue reading Peggy's note at the Medicare Mentor blog
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